UK’s financial crown unlikely to slip due to Brexit

New ranking underlines the scale of London's lead over its European rivals, suggesting that even if Brexit hurts the City, it will not be eclipsed

iStockPhoto

By

Mark Cobley

September 5, 2018 Updated: 12:43 p.m. GMT

The UK is by far the largest financial centre in Europe, with the scale of its lead meaning it is unlikely to lose its crown because of Brexit, according to a new report.

New Financial, a think-tank promoting “bigger and better” capital markets in Europe, has put together a league-table of financial activity in 48 countries around the world, ranked by quantitative metrics such as stock-market capitalisation, trading volumes, bank lending and pensions and savings assets.